Polkadot 2.0 may not be rolled out in stages, but as a massive one-time rollout!
Polkadot 2.0 is a highly anticipated version that will bring many new features to the Polkadot network. Let’s take a closer look at the changes:
One-time massive rollout: Unlike a phased rollout, Polkadot 2.0 will introduce multiple major changes at once.
Consensus mechanism fixed: In Polkadot 2.0, the underlying consensus mechanism will be fixed and will no longer be upgraded in a fork-free manner.
Jam Chain: Polkadot 2.0 introduces a new paradigm, the Jam Chain. This chain will become the foundation of Polkadot, supporting multi-core computing and hundreds of chains, including smart contracts, ZK-rollups, and more.
Smart Contracts: Polkadot 2.0 will support smart contracts, eliminating the need for benchmarks, Accords and XCMP.
Agile Coretime: Although not part of Polkadot 2.0, it is under construction and allows for more flexible use of existing cores.
JAM protocol: The JAM protocol is a simpler, fixed protocol, and the core rules and mechanisms will not change frequently. Developers can build different clients based on JAM without having to update their clients every time Substrate is updated.
DOT in the JAM architecture: DOT will become an important part of the JAM architecture and will be regarded as a "first-class citizen" and play a more central role.
Changes in governance mechanism: In the JAM architecture, Polkadot’s governance mechanism will no longer directly control the issuance of tokens, but will be determined by the JAM protocol itself. This is a significant change that could impact the governance and economic model of the Polkadot network.
All in all, Polkadot 2.0 will bring more features and flexibility to Polkadot, paving the way for the development of the Web3 ecosystem! 🚀
#波卡系 #DOT $DOT